Global energy investment advisor enters India

Global Union Energy Ventures aims to finance at least three major projects every year in the range of $500 mn to $5 billion.

Hydrocarbon sector investment advisory firm Global Union Energy Ventures on Tuesday announced its entry into India and said it aimed to finance at least three major projects every year in the range of $500 million to $5 billion.

"We are talking to all the major players in the downstream and midstream sectors in India and hope to do at least three major projects on an annual basis," Global Union Energy Ventures Chairman Jeffrey Waterous said.

He said the company was looking to finance projects in the range of $500 million-$5 billion in India for which it was in talks with both private as well as state-owned firms.

Waterous, however, refused to divulge any details about the Indian companies the firm is talking to.